Eutelsat Investor Presentation Deck
GROWTH FOR THE COMBINED ENTITY
Double digit revenue CAGR
over the medium to long-term
Revenues (€m)
c.1,200
FY23PF
1,320-1,420
ill
FY24e
1,550-1,750
Guidance horizon
EUTELSAT
c.2,000
FY25e
FY27e
Adjusted EBITDA (€m)
Double digit EBITDA CAGR
over the medium to long-term,
outpacing revenue growth
c.670
725-825
FY23PF1 FY24e
900-1,100
Guidance horizon
FY25e
c. 1,400
FY27e
All figures in €m at June year end figures with €/$ parity
(1) OneWeb FY23 Adjusted EBITDA based on annualization of Q4 23 estimated EBITDA
Capex
Front-end loaded
Capex with average of
€725-875m p.a. over
FY24 - FY30 including
synergies
Adjusted EBITDA-
Capex back in positive
territory in FY25 -
FY26 depending on
Gen 2 Capex phasing
Post Gen 2
deployment Capex will
consist of upgrade,
replacement and
maintenance of
existing fleet
Leverage
c.4.0x
FY23PF 1
c.3.0x
Mid-term
Disciplined financial
policy focusing on
growth and
deleveraging
Dividend suspended
in FY23, FY24 and
FY25
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